Equity in Pennsylvania
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Lacy V. Hall, 1860, 1 Wr. 360. A partner, the financial manager of a firm, bought in his own name the reversion to lands, a present estace being in the partnership. The lands were improved with partnership funds. On his bringing ejectment, held, 1, he was a trustee for his co-partner as to a moiety ; 2, he could not in this action recover half the purchase money under a conditional verdict. He must have an account.
lb.— Of Outstanding Title— Ejectment— Fraud— Rights of Ven- dee.— Orne V. Kittan...ning Coal Co., 18S6, 18 W. N. C. 226. Where one of two partners in the purchase of outstanding title to a tract defrauds the other by obtaining money for pretended conveyances, neither he nor the holder of his title under a sheriff's sale can recover in ejectment against the vendee of the other who holds the legal title and has possession; (1) because comiilainant does not come with clean hands, and (2) because the holder of an equitable title can only recover by offering to do all that is in- cumbent on him, which in this case would be the repayment to the other partner of all money received from him except one-half of what was acittaHy expended on purchasing title.
What to read after Equity in Pennsylvania?
You can find similar books in the "Read Also" column, or choose other free books by Ballard, Ellis Ames, 1861-1938 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Lacy V. Hall, 1860, 1 Wr. 360. A partner, the financial manager of a firm, bought in his own name the reversion to lands, a present estace being in the partnership. The lands were improved with partnership funds. On his bringing ejectment, held, 1, he was a trustee for his co-partner as to a moiety ; 2, he could not in this action recover half the purchase money under a conditional verdict. He must have an account.
lb.— Of Outstanding Title— Ejectment— Fraud— Rights of Ven- dee.— Orne V. Kittan...ning Coal Co., 18S6, 18 W. N. C. 226. Where one of two partners in the purchase of outstanding title to a tract defrauds the other by obtaining money for pretended conveyances, neither he nor the holder of his title under a sheriff's sale can recover in ejectment against the vendee of the other who holds the legal title and has possession; (1) because comiilainant does not come with clean hands, and (2) because the holder of an equitable title can only recover by offering to do all that is in- cumbent on him, which in this case would be the repayment to the other partner of all money received from him except one-half of what was acittaHy expended on purchasing title.
What to read after Equity in Pennsylvania?
You can find similar books in the "Read Also" column, or choose other free books by Ballard, Ellis Ames, 1861-1938 to read onlineMoreLess
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